What is features of futures contract?

•Futures contracts and forwards contracts both are mimics the underlying. •Contract between two parties through exchange.

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•Centralized trading platform i.e. Exchange. •Price discovery through free interaction of buyers and sellers.

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•Margins are payable by both the parties. •Quality and quantity decided today. •Standardized contracts. •Futures contracts are tradable.

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•Futures market is highly regulated. •Contracts are time bound. •Cash settled.

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